Detailed explanation of mining code in bitcoin source code
you can't modify this
because this source code records the development process of bitcoin along the way, the problems encountered in the mining process and the mining difficulty
there is open source code to mine, so no one can change it
P2P network to confirm and record all transactions
bitcoin trading is carried out through bitcoin trading platform. At present, the better bitcoin trading platforms in China are okcoin, bitcoin China, fire coin network, 796 trading network, etc. the capital of each company is different. Okcoin is based on technology, and fire coin network pays more attention to user experience, But in terms of professionalism, okcoin is relatively good.
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bitcoin is a string of code generated by an open-source P2P software, which we call cryptocurrency, e-currency and so on. Bitcoin is proced by mining. Generally speaking, bitcoin mining is to use your hardware to calculate the mathematical problems of sh265 algorithm, confirm network transactions, and ensure the security of the whole network system. As a reward, bitcoin system will give a certain amount of bitcoin reward according to the amount of computing power contributed by miners
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mining is bitcoin. Bitcoin will be generated several times every other period of time, and whoever grabs it will own it. The computer connected to the bitcoin system is the tool "miner" for grabbing bitcoin. As for the issue of national recognition of bitcoin, simply speaking, it depends on the possible impact on the country< br />
Bitcoin mining is a process of using computer hardware to do mathematical calculation for bitcoin network to confirm transactions and improve security
Tesla may support bitcoin payment, which means that there is a "man in the middle entity" processing system between consumers and terminal merchants . Consumers transfer bitcoin from their "digital wallet" to this entity, which converts it into US dollars and gives it to merchants
for example, including at & amp; Companies including T and Microsoft have accepted bitcoin payments through the cryptocurrency payment processor bitpay. Bitpay has begun to accept payments from some luxury car dealers, but has yet to work with Tesla
the transaction settlement of "man in the middle" processing system is to avoid the impact of bitcoin price volatility on businesses. Payment giant PayPal is expected to allow cryptocurrency transactions on its network by the middle of 2021, but still chooses to settle transactions through the intermediary Paxos trust company
companies like Paxos trust company issue so-called "stable currency" linked to US dollars to customers, which means that businesses and paypal do not have to hold bitcoin directly
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extended materials:
Tesla's innovation has two sides.
experts believe that Tesla's innovation may be that it will cancel the "middleman" in the future and create its own currency processing system, which can be used to accept bitcoin payments and carry out liquidation when necessary. In other words, consumers can directly transfer bitcoin to Tesla's system, and Tesla can choose to hold bitcoin or choose to liquidate
but it also means that Tesla needs to set guaranteed exchange rates for its customers in a very short period of time. "Tesla is likely to continue to price electric vehicles in dollars, and if consumers choose to pay for bitcoin, the price could last for five minutes," said Denny masters, chairman of coinshares
an investor who has been optimistic about Tesla for a long time told China Business News: "from the perspective of currency over issuance, musk has his own views, and Tesla's investment in bitcoin is worthy of attention."